PT Aneka Gas Industri Tbk (“AGII”) announces audited financial performance for full year 2016
By Press Release16 March 2017
JAKARTA, 16 March 2017 – PT Aneka Gas Industri, Tbk. (“AGII”) today released audited financial statements for the year ended on 31 December 2016.
Financial Highlights and Operational Indicators
AGII generated higher net revenue for the full year ended on December 31, 2016 of Rp224.695 million or around 15.75% to Rp1,651,136 million from Rp1,426,441 million for the full year ended on December 31, 2015. This higher net revenue was mainly due to the increase in gas product sales of Rp181,660 million or around 13.87% to Rp1,490,983 million that derived from volume growth of around 17.27%. Sales price of industrial gas throughout 2016 declined as a result of the impact from the product mix. However, equipment and services sales increased by Rp43,035 million or 36.75% to Rp160,153 million. This sales increase respectively derives from the start of operations from new plants in Java and outside of Java, thereby increasing the Company’s installed capacity volume by 29% (compared to that in 2015) as well as the rising demand from the medical sector in line with equipment installation associated with medical gases. The sales growth contribution in 2016 was mostly backed by the medical, infrastructure as well as the consumer goods sector, which accounted for around 25%-30% compared to 2015.
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